Health insurer extinguishes tobacco investmentBMJ 2016; 353 doi: https://doi.org/10.1136/bmj.i3031 (Published 27 May 2016) Cite this as: BMJ 2016;353:i3031
- Anne Gulland
Health insurer Axa has announced that it is to become the first global insurer to divest its tobacco investments, worth around €1.7bn ($1.91bn; £1.3bn).
Thomas Buberl, deputy chief executive of Axa, said that as one of the world’s leading health insurers the company had to “lead by example.”
He said that, while doctors, healthcare organisations, and governments call for tighter tobacco controls, investors were putting their money into the tobacco industry.
“That is inconsistent and has to …